Question: https://www.chegg.com/homework-help/questions-and-answers/consolidating-international-subsidiary-year-acquisition-february-1-2019-pathway-inc-us-com-q70783048 we need answers please!

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It seems like the question is related to consolidating an international subsidiary Given that external content cannot be directly accessed from links lets discuss the typical process and considerations involved in such a scenario Consolidating an International Subsidiary in the Year of Acquisition When a parent company acquires an international subsidiary consolidating the financial statements can be complex due to differences in accounting standards currencies and tax regulations Below is a stepbystep guide to approach this task Step 1 Determine the Acquisition Date Identify the exact date on which the acquisition took place In this case it is February 1 2019 This date is crucial as it determines the period over which the financials of the subsidiary will be consolidated Step 2 Initial Recognition and Measurement Record the acquisition at fair value This involves 1 Identifying the Purchase Price The cost to acquire the subsidiary should include all consideration ... View full answer

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